UNITED STATES (OBSERVATORY) – The number of new applications for unemployment benefits in the US fell last week, which indicates the continuation of employment growth after the decline in March, reports Reuters.
Initial applications for state unemployment benefits fell by 1 thousand to 232 thousand for the week ended April 14, the US Department of Labor reported. Data for the previous week have not been revised.
Economists interviewed by Reuters predicted that in the last week, applications would fall to 230 thousand.
In March, the economy created 103 thousand jobs – the least in six months. Economists basically rejected the slowdown as a rebound after strong growth in February. They are also accused of reducing bad weather conditions.
The labor market in the United States is considered close to full employment. The unemployment rate is at the level of a 17-year low of 4.1%, while the Federal Reserve System (FRS) forecasted a figure of 3.8% by the end of this year.